FAQs

Banker to Banks

How many commercial banks are there in The Bahamas?

There are eight commercial banks in The Bahamas, two of which are Bahamian owned. These are: Fidelity Bank (Bahamas) Ltd., Citibank N.A., FirstCaribbean International Bank (Bahamas) (FCIB) Ltd., The Finance Corporation of The Bahamas (FINCO), Royal Bank of Canada, and Scotiabank Bahamas Limited. Bahamian-owned commercial banks are the Bank of The Bahamas International Ltd. and Commonwealth Bank Ltd.


  1. What does it mean when we say that the Central Bank acts as a Clearing House?
  2. What is a Commercial Bank?
  3. How many commercial banks are there in The Bahamas?
  4. What is the Prime Rate and who sets this Rate?
  5. What have been the changes in the Prime Rate over the past few years?
  6. Does the Central Bank set the interest rates, fees and other charges that commercial banks charge their customers?


Available FAQs